andrew.berg
Short

NVDA rest before continuation move down

NASDAQ:NVDA   NVIDIA CORP
Fundamentals:
Nvidia Corp             posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade.
The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter, a better-than-expected result.
After struggling to compete against larger chipmakers like Qualcomm             in smartphones and tablets, Nvidia             has increased its focus on using its Tegra chips to power entertainment and navigation systems in cars made by companies including Volkswagen's Audi, BMW             and Tesla             .

Technicals:
From technicals perspective chart looks broken after it found supply zone at $19.50-.75, then broke important levels of support. Now, price is sitting on its 200 EMA forming nice, tight, lower-level range. I will be watching closely on open if buyers have enough power to hold after-hours gains. Hold below $18.23 and drop back below $18.00 will trigger my entry short. I use active trade management system with tiers. I will add below $17.30 and it will open doors to the next potential buying area/target at $16.00-.43.

Market:
continue to show us wekaness and this lower range become more defining. I expect to see quick move down to $1,895-$1,900 in $S&P500. So, it will keep preassure on weak stocks.
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы. https://t.me/berg_stocks
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out